Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026)

Royal Caribbean Cruises' (RCL) quarterly EBT Margin came in at 21.92% in Q1 2026, up 314.0% year-on-year from 5.3% in Q1 2025, and up 38.74% quarter-over-quarter from 15.8% in Q4 2025.

Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026) Analysis & Trends

Royal Caribbean Cruises has disclosed EBT Margin across 18 years of filings, most recently posting 21.92% for Q1 2026.

  • EBT Margin for Q1 2026 came in at 21.92%, up 314.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 22.94% (up 533.0% YoY), and the FY2025 annual result was 24.38%, up 654.0% from the prior year.
  • EBT Margin came in at 21.92% for Q1 2026 at Royal Caribbean Cruises, up from 15.8% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 28.35% in Q3 2025 to a low of 107.02% in Q1 2022.
  • The 5-year median for EBT Margin is 12.09% (2023), against an average of 3.52%.
  • Across the five-year window, EBT Margin surged 257625 bps in 2022 and tumbled 122 bps in 2024, its largest moves.
  • Royal Caribbean Cruises' EBT Margin stood at 15.51% in 2022, then surged by 144 bps to 6.81% in 2023, then surged by 41 bps to 9.6% in 2024, then jumped by 65 bps to 15.8% in 2025, then jumped by 39 bps to 21.92% in 2026.
  • The last three EBT Margin figures came in at 21.92% (Q1 2026), 15.8% (Q4 2025), and 28.35% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Booking Holdings 131.01 Bn 114.99 Bn 3.46 Bn 25.29%
2 Airbnb 79.86 Bn 67.85 Bn 2.10 Bn 10.49%
3 Royal Caribbean Cruises 75.60 Bn 75.08 Bn 2.21 Bn 21.92%
4 Carnival 37.80 Bn 36.39 Bn - 4.54%
5 Expedia 27.88 Bn 22.09 Bn 3.05 Bn 0.73%
6 Norwegian Cruise Line Holdings 8.56 Bn 8.38 Bn 953.34 Mn 4.62%
7 Global Business Travel 4.79 Bn 4.35 Bn 714.00 Mn 1.31%
8 Travel & Leisure 4.51 Bn 4.25 Bn 926.00 Mn 11.24%
9 Trip.com 4.42 Bn -788.25 Mn 1.74 Bn 17.22%
10 MakeMyTrip 2.12 Bn 1.35 Bn - 12.11%

Historic Data

Download Data
DateValue
Mar 31, 2026 21.92%
Dec 31, 2025 15.80%
Sep 30, 2025 28.35%
Jun 30, 2025 24.53%
Mar 31, 2025 18.78%
Dec 31, 2024 9.60%
Sep 30, 2024 21.18%
Jun 30, 2024 19.59%
Mar 31, 2024 8.88%
Dec 31, 2023 6.81%
Sep 30, 2023 22.40%
Jun 30, 2023 12.09%
Mar 31, 2023 -2.53%
Dec 31, 2022 -15.51%
Sep 30, 2022 -1.40%
Jun 30, 2022 -23.57%
Mar 31, 2022 -107.02%
Dec 31, 2021 -133.56%
Sep 30, 2021 -313.53%
Jun 30, 2021 -2,599.83%